Pipe integrity is a mechanism used to understand the operations of pipelines in effective, safe and efficient manner. It helps in securing the pipelines by the use of engineering and designing, operations and constructions concepts. Pipelines integrity management system helps in efficient inspection of pipelines which increases the lifespan and reduces the chances of damage and failure. Services offered for pipeline integrity are testing, inspection and monitoring. Pipeline integrity is required for oil, gas and refined products. Applications of pipeline integrity could be offshore and onshore. Oil and gas industry and construction industry are the end users of pipeline integrity because of its ability and operational benefits. Due to rising consumption of natural gas and petroleum products, the market of pipelines integrity is expected to grow in the near future.
COVID-19 Impact analysis
- COVID-19 pandemic has declined the pipeline integrity market attributed to the lockdown in countries worldwide. This has hampered the growth of pipeline integrity market in 2020 and, is likely to revive in 2021.
- The major demand for pipeline integrity market was previously noticed from countries including the U.S., China, and India, which are negatively affected by the spread of the corona virus, thereby declining the demand for pipeline integrity market.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Pipeline integrity service providers can afford a full lockdown only for a few months, after which the players have to modify their investment plans.
Top Impacting Factors
Government norms and standards for the safety of labor and surrounding environments at production sites from leakage or cracks are the key drivers of the pipeline integrity market. Pipeline integrity management enhance the protection of pipelines, which boosts the growth of the market for pipeline integrity. Time to time inspection and maintenance is required to satisfy the government norms and standards, which is cost driven. In addition, pipeline integrity provides real time information which is helpful in minimizing the risk factors such as leakage and tilting of the pipes and labor charges. Awareness about use of renewable energy sources may reduce the use of non-renewable sources in the near future, which can be considered as a threat to pipeline integrity.
Market Trends
- Well servicing is expected to grow in North America. This is expected to be opportunistic for the pipeline integrity market.
- NDT Global has developed a novel Evo Eclipse UCx technology, which can detect the size tilts and skewed cracks of pipelines.
- BHGE collaborated with Embridge and developed ultrasonic phase’s array pipeline inspection tool, which can identify the cracks with accuracy and details.
- Rosen has launched digital integrity management solution named NIMA, which can keep the records of each pipeline accurately and helps in decision making.
Key Benefits of the Report
- This study presents the analytical depiction of the pipeline integrity market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the pipeline integrity market share.
- The current market is quantitatively analyzed to highlight the pipeline integrity market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed pipeline integrity market analysis based on competitive intensity and how the competition will take shape in coming years.
Key Market Segments
- By Service Type
- Testing
- Inspection
- Monitoring
- By Product Type
- By Application Type
- By End Users
- Oil and Gas Industry
- Construction Industry
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- GGC
- Argentina
- Rest of LAMEA
Key Market Players
- Applus
- Emerson
- T.D. Williamson
- Baker Hughes
- GE Company
- SGS
- Schneider Electric
- Altus Intervention.
- NDT Global
- Rosen